About the Investment Competition

The Wharton Global High School Investment Competition is a free, online investment simulation for high school students (9th to 12th grade) and teachers. Students work in teams of four to seven, guided by a teacher as their advisor. Together, they learn about teamwork, communication, risk, diversification, company and industry analysis, and many other important aspects of investing.
"Sailing to Success," 1st Place prize winners of the 2021-2022 Investment Competition
“Sailing to Success,” 1st Place prize winners of the 2021-2022 Investment Competition

Competition Dates and Timeline

Registration for the 2022-2023 Global High School Investment Competition opens on June 1, 2022.

A timeline of the competition as well as a full list of key dates can be found on our Competition Dates webpage.


More details coming soon. The full list of the competition deliverables can be found on the Deliverable webpage

Team Roles and Responsibilities

Team roles include advisors/educators, team leaders as well as team members. Full details about these roles and their corresponding responsibilities can be found on our Roles and Responsibilities webpage.

NEW: The team advisor must be a teacher/educator at the school their student team(s) attend. 

Case Study

More details coming soon. The full details will be published on the Case Study webpage.


The full 2022-2023  competition rules can be found on our Rules webpage. This includes details pertaining to student eligibility, teams, advisors, trading rules, as well as our Code of Conduct. Please carefully read through the webpage, as these rules are strictly enforced.

Placing Trades

All trading takes place on WInS (Wharton Investment Simulator). WInS is a web-based stock market simulation that allows students to apply the concepts of investments and portfolio management in a hands-on learning environment, while working with real-world data without risking real money.

Full details on WInS, placing trades and our trading deadlines can be found on our Placing Trades webpage.

Stock List

More details coming soon. The full 2022-2023 stock list will be published on Stock List webpage, once available.

Judging and Evaluation

More details coming soon. The full details about the 2022-2023 competition judges and the criteria for evaluation will be published on our Judging and Evaluation webpage.

Frequently Asked Questions

A list answers for frequently asked questions regarding competition registration, the Wharton Investment Simulator (WInS), stock trades, and more can be found on our FAQ webpage.

About the Competition

Teams examine a brief case study featuring a potential client and are tasked with working collaboratively to meet that client’s long-term investment goals as they try to win his or her business. Equipped with an approved stock list (a selection of domestic and international equities) and the Wharton Investment Simulator (WInS), which allows them to buy and sell stocks, over the course of 10 weeks students develop an investment strategy, analyze sectors and companies, and build a portfolio using $100,000 in virtual cash. Winners are selected on the strength and articulation of their team strategies, not on the growth of their portfolios, which is a key differentiator between this investment challenge and others. During the competition each team submits two deliverables.

Final reports are reviewed by a team of judges, who select 50 semifinalist teams. Those teams are invited to present their strategies to a panel of expert judges at the virtual Semifinals. The top 10 teams from the Semifinals move on to the Global Finale at Wharton in Philadelphia.

Why Join the Competition?

  • It’s run by the Wharton School, a world leader in business education
  • You get to explore the exciting world of securities and strategies
  • You learn about risk, diversification, company and industry analysis and more investing basics
  • You develop teamwork, leadership and communication skills
  • You enhance your college and scholarship applications by building your résumé
  • You have a chance to compete against teams from around the world
  • You learn finance skills that will last a lifetime
  • It’s free and fun!